What steps do I need to take come Aug 1st to ensure the safety of my coins?

JNiks_ZLisa

full member

Activity: 182

Merit: 111

This:

Quote from: xbiv2 on July 22, 2017, 12:21:07 PM

Bitcoin protected by many people:
1. Miners (not only mining pools but miners itself, miner select pool with policy he accept)
2. Exchangers (at now main giver of price to Bitcoin)
3. Mining pools.
No one of this people want bad for bitcoin.
Do not trust to bitcoin-core developers and use bitcoin-core of 2014 https://github.com/bitcoin/bitcoin/releases/tag/v0.9.1
And wait until everything will clears up.
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For more information - do read my signature.

dejavvu

member

Activity: 75

Merit: 10

Keep everything in your hard wallet and don't make any transactions that day. Everything seems stable so far but I believe there will be some chaos(delays...) that day and possibly some hacking attacks too. So it is best to stay on the sidelines for a while.

Edrian

full member

Activity: 280

Merit: 100

I don't think your bitcoin will be unsafe if you leave it on any wallet. it will not disappear that easily. But for your safe thoughts you should transfer it to a hard wallet much like everyone is saying here.

NorrisK

legendary

Activity: 1946

Merit: 1007

Simply don't make transactions the day before the activation and wait untill the all clear is given after the activation.

Coins that are sitting in your own wallets are completely safe.

BitWhale

sr. member

Activity: 279

Merit: 250

Thanks everyone for your replies, I really appreciate it! I feel a bit more at ease now with the whole situation.

xbiv2

full member

Activity: 560

Merit: 111

Quote from: achow101 on July 22, 2017, 12:22:30 PM

Quote from: xbiv2 on July 22, 2017, 12:21:07 PM

Use bitcoin-core of 2014 https://github.com/bitcoin/bitcoin/releases/tag/v0.9.1

No. Do not do that. Please stop spamming that nonsense. Bitcoin Core 0.9.1 will likely not be able to sync with the network anyways. It has known performance and security issues. Furthermore, you will not be fully validating all active network rules.

Lie. It best version and working perfect. And the only way to save your coins from "soft fork" attempts.
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For more information - do read my signature.

achow101

staff

Activity: 3458

Merit: 6793

Just writing some code

Quote from: xbiv2 on July 22, 2017, 12:21:07 PM

Use bitcoin-core of 2014 https://github.com/bitcoin/bitcoin/releases/tag/v0.9.1

No. Do not do that. Please stop spamming that nonsense. Bitcoin Core 0.9.1 will likely not be able to sync with the network anyways. It has known performance and security issues. Furthermore, you will not be fully validating all active network rules.

xbiv2

full member

Activity: 560

Merit: 111

Bitcoin protected by many people:
1. Miners (not only mining pools but miners itself, miner select pool with policy he accept)
2. Exchangers (at now main giver of price to Bitcoin)
3. Mining pools.
No one of this people want bad for bitcoin.
Do not trust to bitcoin-core developers and use bitcoin-core of 2014 https://github.com/bitcoin/bitcoin/releases/tag/v0.9.1
And wait until everything will clears up.
-----
For more information - do read my signature.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: BitWhale on July 22, 2017, 12:07:18 PM

I am mostly worried about the Ledger wallet. What will I need to do in the case of a chain split in order to protect my coins? How do I split my coins?

Thank you

https://bitcointalksearch.org/topic/august-1-bip148-preparedness-2017191

TL:DR have your private keys somewhere and if you have your private keys then you have absolutely nothing to worry about. Your priv. keys are viable and useable on both chains, and the amount within them will not change. There will be "duplicates" of your coins, but if the coins exist on the blockchain that everyone left from then there's nothing of value in them and only what you have in the new chain will be recognized.

Overall most of your stuff is not in danger and you should be fine.

achow101

staff

Activity: 3458

Merit: 6793

Just writing some code

Since you have a hardware wallet, you are fine. You control the private keys. You can use your ledger with a desktop wallet software like Electrum in order to make sure that you are using the chain that you want to use. Splitting your coins is harder to do, but you can do it with Electrum. There are instructions for splitting your coins with Electrum here (albeit for BU, not a BIP 91 or BIP 148 split, but instructions still apply): http://docs.electrum.org/en/latest/hardfork.html?highlight=chain%20split

BitWhale

sr. member

Activity: 279

Merit: 250

I am mostly worried about the Ledger wallet. What will I need to do in the case of a chain split in order to protect my coins? How do I split my coins?

Thank you

Topic: What steps do I need to take come Aug 1st to ensure the safety of my coins? (Read 547 times)